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On Monday Harris swung by a Michigan facility run by a company that is set to receive $325 million from the law, formally known at the 2022 CHIPS and Science Act.
The CHIPS and Science Act is a U.S. federal statute enacted by the 117th United States Congress and signed into law by President Joe Biden on August 9, 2022. The act authorizes roughly $280 billion in new funding to boost domestic research and manufacturing of semiconductors in the United States, for which it appropriates $52.7 billion.
When the CHIPS and Science Act passed in 2022, it had bipartisan support. Lawmakers from both political parties hailed the law's importance for reviving US chipmaking capacity in the face of China ...
(The Center Square) – The Ohio Chamber of Commerce and nearly 20 business groups from four states want the Biden administration to start handing out money from the CHIPS Act immediately. In a ...
"Chipmaker Intel and the CHIPS Act Office are close to finalizing a deal which would award the company a roughly $8 billion grant," CNBC's Rohan Goswami wrote Monday, "as the Biden administration ...
The CHIPS Act is meant to bring some of that disparity into balance, with Commerce Secretary Gina Raimondo saying the US would produce 20% of the world’s most advanced chips by 2030.
The CHIPS Act’s current identity as a jobs program for ... is head of research at Strive Asset Management and earned his JD from Yale Law School and PhD from the University of Michigan. For the ...
Vice President Harris took a swipe at Speaker Mike Johnson (R-La.) Friday evening, after Johnson said on the campaign trail that he would “probably” move to try to repeal the CHIPS and Science ...